Tender Offer - Milnes Ryan
Form Type: SCHEDULE 13D/A
Filing Date: 2025-02-11
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390025012465
Filing Summary: This Amendment No. 3 to Schedule 13D is filed by Ryan Milnes with respect to shares of Class A Common Stock of Rumble Inc. It amends earlier filings from September 26, 2022, and includes transactions related to his holdings in Rumble Inc. Specifically, the Reporting Person exchanged 23,076,191 ExchangeCo Shares for Class A Common Stock on a 1-for-1 basis and subsequently sold these shares at a price of $7.50 per share as part of the Issuer's self-tender offer that closed on February 7, 2025. The total beneficial ownership of the Reporting Person in Class A Common Stock is now 23,097,894 shares, representing 6.8% of the outstanding shares. The shares exchanged led to the cancellation of an equivalent number of non-economic Class C Common Stock shares held by Milnes. The document confirms the Reporting Person's voting and dispositive power over the shares.
Additional details:
Reporting Person: Ryan Milnes
Address Of Reporting Person: 2286404 Ontario Inc., PO Box 20112 Bayfield North, Barrie, Ontario, L4M6E9, Canada
Issuance Number Of Class A Common Stock: 23076191
Exchange Co Shares: 23076191
Self Tender Offer Price: 7.50
Percentage Based On Outstanding Shares: 6.8
Class A Common Stock Issued And Outstanding: 338236492
Form Type: SCHEDULE 13D/A
Filing Date: 2024-12-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390024112867
Filing Summary: Ryan Milnes filed this Amendment No. 2 to Schedule 13D in relation to Rumble Inc.'s Class A Common Stock, amending the previous filings from September 26, 2022, and November 22, 2024. The filing discloses that the Reporting Person has beneficial ownership of 48,105,680 shares of Class A Common Stock, representing 17.0% of the issuer's outstanding shares. The document details a Tender and Support Agreement entered into on December 20, 2024, whereby the Reporting Person agreed to tender 25,000,000 shares in the issuer's self tender offer priced at $7.50 per share, which aligns with the terms set forth in the Transaction Agreement between the Issuer and Tether Investments Limited. The Reporting Person has voting and dispositive power over the shares held through 2286404 Ontario Inc., a corporation wholly owned by him. Furthermore, the filing confirms no legal issues related to the Reporting Person during the last five years, and cites the issuer’s primary business address and recent financial disclosures.
Additional details:
Reporting Person: Ryan Milnes
Class A Common Stock Owned: 48105680
Tender Offer Price: 7.50
Shares Tendered: 25000000
Percentage Of Outstanding Shares: 17.0
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